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APR 18, 2013 - The Economist

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Latvia and the euro: Baltic ambition

VALDIS DOMBROVSKIS is undeterred. In spite of Cyprus, Slovenia and the continuing euro crisis, the prime minister of Latvia wants his country to join the single currency on January 1st 2014. This week he flew to Paris to persuade the French who, along with the Spanish, are among the most sceptical about Latvia’s designs.On the face of it Latvia should be a shoo-in. The tiny Baltic state effortlessly fulfils the Maastricht criteria. So far the euro zone has never rejected a country that complied with all of them. Moreover, Latvia’s economy is growing robustly, its currency has been pegged to ... Read More

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